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12.12.2016 | 16:55

ArcelorMittal says about pressure

Photo: Business Magazine
Photo: Business Magazine

Kryvyi Rih mill is beset from all sides.

ArcelorMittal Kryvyi Rih CEO, Paramjit Kahlon said that various agencies are systemically pressing on the company, mainly law enforcement agencies, with a proposal to "cooperate" in exchange to the absence of unlawful inspections and questioning of top managers.

Kahlon said at a press conference that a list of claims to the top managers of the enterprise was been sent to teh company on behalf of some agencies. He did not disclose the details. 

"They are on paper – they handed a list of claims. We appealed to the General Prosecutor's Office," the top manager commented. 

At that he noted that if journalists would make the boldest assumptions what are the claims in the list, there are high chances that they could be true. 

"Law enforcement agencies press substantially. I cannot say if it is their initiatives or it is managed by a political force. This adds large risks for stable operation of the enterprise," CEO stated. 

Paramjit Kahlon added that the enterprise was under multiple inspections and revisions without any grounds: "Our people are questioned under criminal cases – 80 top managers were called for questioning". Recently an environment protection rally was held and its participants who received money blocked the entrance of the enterprise.

"This is the open pressure forcing to share something with some persons. The only message for us is to cooperate with them. We would not fall for this pressure. We are an international company and the largest investor in Ukraine," CEO accented. 

 ArcelorMittal invested USD 10.4 billion in the enterprise in Kryvy Rih.

At that he recalled ArcelorMittal invested USD 10.4 billion in the enterprise in Kryvy Rih and intends to continue investment in its development and upgarde. 

"I do not understand such a treatment with regards to the largest investor. We have raised these issues at the level of top officials of the state," he said, adding that he recently discussed the operation of the company with the Ukrainian Prime Minister as well as with the President.

"Today the leaders of the country are making all efforts to attract investment to Ukraine. But I am afraid that this might not happen for some people faults. The situation with ArcelorMittal is a benchmark for other investors. We would like to see the creation of favorable conditions for work. We have not left Ukraine in hard times. We supported people, including those in the ATO zone" he said. 

"We hope that the situation would change for better. We want to invest in Ukraine," CEO resumed. 

PJSC ArcelorMittal Kryvyi Rih, one of the biggest rolled steel producers in Ukraine, specializes in long products. ArcelorMittal owns the largest mining and steel complex ArcelorMittal Kryvyi Rih and some small companies like PJSC ArcelorMittal Beryslav. 

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